: If a stock is currently trading at $17 but you only want to pay $14.50, you place a buy limit order at $14.50. The order remains pending until the price hits $14.50 or less.
Investors typically use limit orders to manage costs, especially in volatile markets. what is a limit order when buying stocks
When you place a limit order to buy, you set a "price ceiling"—the maximum amount you are willing to pay per share. The trade will only trigger if the stock's market price falls to your limit price or lower. : If a stock is currently trading at
: You are guaranteed to pay your specified price or less (for a buy) or receive your specified price or more (for a sell). what is a limit order when buying stocks